By Christopher Condon While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses. Neil Bradley, chief policy officer for the U.S. Chamber of Commerce, said the group has grown increasingly concerned that
U.S. and European investors’ holdings of assets controlled by Chinese companies but issued offshore are worth nearly three times as much as direct investments in companies registered in China. By Tom Hancock & Spe Chen U.S. and European investment into mainland China has largely been channeled through offshore vehicles set
By Krishna Veera Vanamali The global minimum corporate tax on MNCs was aimed at discouraging them from shifting profits to low-tax countries. But it will reduce the incentives to attract investment in developing countries. Corporate tax avoidance costs countries anywhere from $100 billion to $240 billion annually, equivalent to 4-10%
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